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Mitchells and Butlers has grown its like-for-like sales by 9.1% during Q4 ended 23 September, as it sustained growth in both food and drink volumes.
Against its pre-pandemic results, Mitchells and Butlers’ year-to-date like-for-like sales increased by 10.5%, with growth attributed to higher spend-per-head.
According to the pub operator, it has focused on investing in the estate in the year to date, having completed 142 conversions and remodels, including two to the newly-acquired Ego brand. This is in addition to four new site openings.
Mitchells and Butlers remains “mindful” of the challenging macroeconomic environment and pressures on the consumer, despite cost headwinds abating and remaining at the bottom end of the range previously identified.
However, as trading continues to be strong, it is confident that the current year outturn will be at the top end of guidance expectations, with momentum into FY24.
Phil Urban, chief executive of Mitchells and Butlers, said: “We are delighted to have continued our strong like-for-like sales performance through the fourth quarter, underpinned by volume growth and reflecting increasing out-performance against the market.
“Going forward we shall remain focused on executing the drivers of this strong performance, our Ignite programme of growth and efficiency initiatives and our capital investment programme which, combined with our diverse portfolio of established brands and enviable estate locations.”
